HSBC Amanah Takaful’s Islamic Sukuk Fund Report - August 2017

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1. HSBC Amanah Takaful ’s Islamic Sukuk Fund (“The Fund”) Fund Fact Sheet – AUGUST 2017 Fund Details Performance Table Fund Category  Local Fixed income – Islamic (Feeder Fund) Cumulative Total Return: Period Management Fee  1.0% per annum of the Fund’s value The Fund’s Manager  HSBC Amanah Takaful (Malaysia) Berhad Target Funds  CIMB Islamic Sukuk Investment Objective 3 MTH 6 MTH Since Inception 1 YR HSBC Amanah Takaful’s Islamic 0.90 2.17 3.21 Sukuk Fund (%) Quantshop GII 1.10 2.27 1.94 Medium Index (%) Basis of calculation: Time-Weighted Rate of Return 10.89 7.63 Calendar Year Return: The Fund aims to achieve capital appreciation in medium to long term by investing in CIMB Islamic Sukuk (“Target Fund”), a Shariah compliant collective investment scheme that aims to gain higher than average income over the medium to long term by investing in a diversified portfolio consisting principally of Sukuk, certificates of deposit, short term money market instruments and other permissible investment under Shariah principles. Period HSBC Amanah Takaful’s Islamic Sukuk Fund (%) 2016^ 7.42 Quantshop GII Medium 2.72 Index (%) Basis of calculation: Time-Weighted Rate of Return ^Return for the period from 2nd Feb 2016 to 31st Dec 2016 Performance of The Fund from inception to 31 August 2017 Portfolio Composition of the Target Fund Asset Allocation Top 10 Holdings: Islamic Money Market Instruments/ cash, 14.65% WCT Hldgs Bhd Golden Assets Intl Fin Ltd MMC Corporation Berhad Jimah Energy Ventures UniTapah Sdn Bhd West Coast Expressway Sdn Bhd Special Power Vehicle Anih Bhd Bank Islam Malaysia Bhd YTL Power International Bhd Unquoted Sukuk, 85.35% Source: CIMB Principal Asset Management Berhad (%) 10.31 7.31 6.32 4.22 4.07 3.71 3.39 3.31 3.14 3.09
2. Market Review , Outlook and Strategy  US Treasuries strengthened in Aug 2017 on the back of safe haven demand from geopolitical tensions between US and North Korea. Meanwhile, the White House and Congress face the end-Sep deadline to lift the US debt limit.  Major balance sheet announcements by the US Fed and European Central Bank (ECB) are approaching, and central bank net asset purchases in advanced economies are set to fall while policy rates are rising gradually. The market will be monitoring closely upcoming economic data to gauge central banks’ direction going forward. The expectations over the Jackson Hole conference came to naught as both Janet Yellen and Mario Draghi offered little information on the direction of monetary policy in the coming months.  In Malaysia, the sovereign bonds staged a rally this month amid renewed support from investors. Overall bond yields ended the month tighter, which should mean increased foreign interest during the month and players extending duration.  Malaysia economic data were positive for interest in bonds – strong growth trajectory but softer inflationary pressures. The 2Q2017 GDP at +5.8% yoy compared with 5.6% in 1Q2017, and which was the fourth straight quarter of acceleration. While, the July Consumer Price Index (CPI) was slower at +3.2% yoy against prior month’s +3.6% yoy Risk The investment risks associated to the investment are described in Product Disclosure Sheet. If you have any queries, you are advised to consult your professional adviser before making a commitment to invest. In the event that you choose not to seek advice from a professional investment adviser, you should consider whether this investment is suitable based on your risk appetite, investment experience and objectives. Other Information You may refer to the Product Disclosure Sheet for the basis and frequency of valuing assets underlying of the Fund, fund management fee and other charges related to the Fund. The HSBC Amanah Takaful’s Islamic Sukuk Fund is managed underwritten by HSBC Amanah Takaful (Malaysia) Berhad. This material is prepared strictly for information only. Information provided herein including any expression of opinion or forecast has been obtained from or is based on sources believed by us to be reliable, but is not guaranteed as to accuracy or completeness. The information is given without obligation and on understanding that any person who acts upon it or changes his/her position in reliance thereon does so entirely at his/her own risk. Past performance figures shown are not indicative of future performance.